College super seniors: Financial relief for extra years

Go to school for five years, but only pay for four!

Faced with the reality of having to stick around college for an extra year? Rest assured– at some schools, you won’t have to pay for it.

It’s called the four-year degree guarantee and it could be your golden ticket if graduating on time isn’t realistic for you. The concept is becoming increasingly popular as a marketing tool at private colleges. At a time when students are graduating with an average of $8,337 to $12,701 in debt, the four-year degree guarantee is an attractive feature to parents and students alike.

Here’s how it works: Once the agreement is signed by the incoming freshman, the school accepts responsibility for the financial burden of the additional years it might take the student to complete the degree. If classes needed to graduate are unavailable or the student gets poor advice from advisers, the school agrees to pick up the tab.   

However, students have to hold up their end up the deal, too. They must stay on top of their academics and prove that they have met regularly with their advisers. So if that super senior status is a result of skipping too many classes or deciding to change your major halfway through your junior year, you’re probably on the hook for your own tuition.

“College is one of the most significant investments a family will make,” said Janet Stocks, associate academic dean for Baldwin-Wallace. “An incoming freshman probably doesn’t anticipate having to stay more than four years at a university. But it happens quite frequently to the dismay of both the student and his/her parents.”

Baldwin-Wallace College outside Cleveland, Ohio is one of about 15 colleges that offer the guarantee, according to the New York Times.

Would the four-year degree guarantee be incentive enough for you to attend a particular college?


News
Entertainment
Sports
Lifestyle
National

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

Local

Oval oasis: Summer of fun kicks off this…

A bold partnership between the Fairmount Park Conservancy and the city's Parks and Recreation Department is kicking off this weekend with family activities re-activating this unused public space.

Television

'Orphan Black' recap: Episode 1, ‘Nature Under Constraint…

Welcome to “Orphan Black” Season 2! Hopefully Tatiana Maslany can help Tatiana Maslany get through this, with the help of Tatiana Maslany, while avoiding the…

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

MLB

Jimmy Rollins is key to Phillies success

When John Kruk was asked about what the Phillies need to contend for a playoff berth, the ESPN analyst said Jimmy Rollins needs to play like a MVP again.

MLB

Ben Revere lifts Phillies to avoid sweep

Ben Revere came through with a two-out RBI single against Atlanta’s tough lefthander Alex Wood.

NBA

Season wrap: 76ers make the grade

The 76ers opened the 2013-14 season with a victory over the Miami Heat. The Sixers closed the season with a win at Miami.

NBA

Fantasy basketball: Finding next year's NBA studs

Before we put the 2013-14 fantasy basketball season to bed, it’s worth thinking about next year’s breakouts while they’re fresh in our mind.

Parenting

How to parent without gender stereotypes in a…

Christia Spears Brown, Phd. author of "Parenting beyond Pink & Blue" gives advice on raising kids free of gender stereotypes.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.